US stocks moves lower led by the NASDAQ index

Major US indices has tilted to the downside with the NASDAQ index leading the way. That index is currently down -0.25% at 21,742. The NASDAQ index closed at a record level yesterday.

The S&P index is also lower by -0.15% at 6485.47. The Dow industrial average is trading above and below unchanged while the Russell 2000 is down -23.27 points or -0.97%.

Some notable movers to the downside include

• Lennar: -3.33%. Lennar’s decline reflects investor anxiety over EPS misses, margin pressure, and broader residential market headwinds due to high mortgage rates

• Dell Tech: -2.77%. Dell’s drop was triggered by the unexpected CFO resignation and lingering concerns around profitability and cost pressures.

• Worthington Industries: -2.74%

• Dollar Tree: -2.49%. Dollar Tree is under pressure despite strong Q2 results; tariffs and cautious Q3 outlooks are weighing on sentiment.

• United Airlines Holdings: -2.20%.

• Shopify Inc: -1.93%

• ARK Genomic Revolution: -1.76%

• RTX Corp: -1.69%

• Robinhood Markets: -1.69%

• Delta Air Lines: -1.59%

• CrowdStrike Holdings: -1.51%

• Home Depot: -1.42%

• Southwest Airlines: -1.42%

• Tapestry: -1.39%

• Broadcom: -1.38%. Shares moved sharply higher yesterday.

• Ford Motor: -1.32%

• Northrop Grumman: -1.32%

• Rivian Automotive: -1.25%

• SoFi Technologies: -1.21%

• Lockheed Martin: -1.10%

• Caterpillar: -1.19%

• Uber Tech: -1.18%

• Snowflake: -1.18%

Some winners today include:

• Alibaba ADR: +4.36%. Alibaba ADR +4.36%: Rose on optimism around its cloud and AI businesses, with investors encouraged by progress on AI chip development and strategic initiatives. Broader support also came from Chinese stimulus measures boosting sentiment toward tech names.

• Wells Fargo & Co: +2.38%. Alibaba ADR +4.36%: Rose on optimism around its cloud and AI businesses, with investors encouraged by progress on AI chip development and strategic initiatives. Broader support also came from Chinese stimulus measures boosting sentiment toward tech names.

• Roblox: +2.16%

• Exxon Mobil: +2.06%

• Schlumberger: +1.91%

• Goldman Sachs: +2.06%

• Chevron: +1.77%

• Tencent ADR: +1.65%

• Super Micro Computer: +1.65%

• Morgan Stanley: +1.61%

• Papa John’s: +1.55%

• Citigroup: +1.63%

• Bank of America: +1.54%

• Taiwan Semiconductor: +1.47%

• DoorDash: +1.29%

• Occidental: +1.29%

• Deutsche Bank: +1.29%

• JPMorgan: +1.22%

• AMD: +1.22%

• Celsius: +1.16%

• Meta Platforms: +1.05%

• Palantir: +1.05%

• Biogen: +0.99%

• Zoom Video: +0.92%